The Australia seaweed market size reached USD 252.3 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 524.8 Million by 2033, exhibiting a growth rate (CAGR) of 7.60% during 2025-2033. The market has seen steady growth, driven by rising demand for sustainable agriculture, alternative proteins, and carbon reduction solutions. Supportive government policies, regional projects, and research investments continue to strengthen local production and international market potential.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 252.3 Million |
Market Forecast in 2033 | USD 524.8 Million |
Market Growth Rate 2025-2033 | 7.60% |
Rising Demand for Sustainable Solutions
The growing interest in climate-smart agriculture and environmental sustainability has helped push the demand for seaweed in Australia. Seaweed, especially species like Asparagopsis, has gained attention for its ability to cut methane emissions in livestock by up to 90 percent. This environmental benefit has made it attractive for the agriculture sector, particularly beef and dairy producers looking to meet emissions targets. Increasing awareness among farmers and investors has created momentum for seaweed-based livestock feed and biofertilisers. Recent developments, such as CH4 Global's EcoPark launch in South Australia in January 2025, have helped supply methane-reducing seaweed at scale. The facility aims to serve 45,000 cattle daily, a major step forward for emissions-reducing feed. Also, seaweed's role in carbon sequestration, marine restoration, and regenerative practices continues to align with environmental goals. These factors, combined with consumer interest in cleaner supply chains and lower-carbon products, have helped shape long-term demand. Ongoing partnerships with researchers and agribusinesses are expected to streamline production further, improve processing technologies, and lower costs. Together, these shifts point to a stable and growing future for seaweed products in Australia's agriculture and environmental sectors.
Supportive Investments and Research Growth
Government interest, research programs, and private investment have become important growth drivers for the Australian seaweed sector. Australia's long coastline and biodiversity provide a natural advantage, but until recently, the potential of seaweed aquaculture remained largely untapped. Projects like the Gippsland Seaweed Aquaculture initiative, led by Food & Fibre Gippsland and Latrobe Valley Authority, have started to change that. In September 2023, the project confirmed promising cultivation conditions through a Deakin University study, opening doors for a new regional seaweed industry. Such programs aim to create new jobs, support local supply chains, and add economic value to coastal areas. Research groups are also identifying suitable species, testing growing techniques, and exploring uses ranging from food to bioplastics. AgriFutures Australia has forecast that the national seaweed industry could exceed USD 100 Million in value by 2030, adding more than 1,000 jobs. Additionally, advances in hatchery technology, biosecurity frameworks, and processing innovation are improving the feasibility of commercial-scale seaweed farming. With better infrastructure and more collaboration between universities, startups, and regional groups, the sector is entering a new phase of development. These investments not only drive production but also position Australia as a contributor to global seaweed demand.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on environment, product, and application.
Environment Insights:
The report has provided a detailed breakup and analysis of the market based on the environment. This includes aquaculture and wild harvest.
Product Insights:
A detailed breakup and analysis of the market based on the product have also been provided in the report. This includes red, brown, and green.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes processed foods, direct human consumption, hydrocolloids, fertilizers, animal feed additives, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Environments Covered | Aquaculture, Wild Harvest |
Products Covered | Red, Brown, Green |
Applications Covered | Processed Foods, Direct Human Consumption, Hydrocolloids, Fertilizers, Animal Feed Additives, Others |
Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |